Brief: Perfect Group International announces formation of joint venture

Perfect International Holdings

13/01/2017 14:02

Jan 13 (Reuters) - Perfect Group International Holdings Ltd 
 3326.HK  :  
    * Formation of joint venture and acquisition of land use 
right of land 
    * PGCI entered into investment project corporation agreement 
with Jiangmen Yingtuo dated 13 January 2017 in relation to 
formation of JV 
    * Joint venture will be owned as to 70% by PGCI and 30% by 
Jiangmen Yingtuo 
    * Total capital commitment of joint venture is US$30 million 
, of which US$21 million shall be contributed by pgci 
 
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